The number of AWACS planes at Tinker Air Force Base could be slashed if President Biden’s proposed budget is approved. Under his plan, Tinker would lose nearly half of its fleet of E-3 Sentry airborne target tracking planes that have been located at the Oklahoma base for nearly 45 years. The Air Force Times …
March 2022 archive
Continental President sold $1.6 million in company shares
Continental Resources President Jack Stark sold more than $1 million in company shares earlier this month. A filing with the Securities and Exchange Commission reflected Stark sold 25,000 shares at a price of $64.22 on March 25. The sale totaled $1,605,500. The transaction was executed in multiple trades at prices ranging from $64 to …
ONEOK to be part of investors event
ONEOK leaders plan to take part in another event designed to attract more possible investors in the company. Executives will participate in investor meetings at the U.S. Capital Advisors Midstream Corporate Access Day on March 30 in Houston, Texas. ONEOK’s latest investor materials are available at www.oneok.com.
Crude prices fell a second straight day midst Russia and Ukraine peace talks
For a second consecutive day this week, crude prices fell in Tuesday’s trading following word that Russia and Ukraine again failed to reach a case-fire agreement. Futures were down 1.6% in New York as prices settled around $104 a barrel. Nationally, the price dropped 4%. West Texas Intermediate crude for May delivery dropped $1.72 and …
CenterPoint exits midstream holdings
CenterPoint Energy, Inc. continues to execute on its long-term strategic plan of becoming a pure-play regulated utility, with an improved business risk profile and strengthened balance sheet, to benefit both its customers and investors. The company announced it has entirely exited its midstream interest with the sale of its Energy Transfer holdings, including its …
Tesla pushes project to avoid unreliable electric grid in Texas
Tesla isn’t so sure about the dependency of the electric grid in Texas so it planning what is described as a Megapack project at Gigafactory Texas in Austin. Electrek reports the project will complement its planned giant solar system and launch the operation during its Cyber Rodeo event next week. Click here for Electrek. …
Mammoth Energy tries again to get Puerto Rico to pay for hurricane relief work
Mammoth Energy’s Chief Financial Officer tried to make a case in a recent hearing for Puerto Rico to pay the millions it owes the Oklahoma City-based energy company for electricity restoration following the 2017 Hurricane Maria that struck the island. Mark Layton spoke at the 34th Public Board Meeting of the Financial Oversight and Management …
Legislator wants to become member of Congress
State Rep. Avery Frix, chair of the Oklahoma House Transportation Committee joins the fray for the GOP nomination for Second Congressional District. Click here for McCarville Report.
Gasoline prices increased in Oklahoma
While national gasoline prices appear to have stabilized, Oklahoma prices are higher in some cases and lower in others. The American Automobile Association reports the national average of $4.24 per gallon is the same as a week ago but still higher than the $3.61 average of one month ago. Oklahoma’s average of $3.81 is …
Fuel shortage hit Austin’s airport
Travelers at Austin’s international airport were warned this week of a jet-fuel shortage. Officials at Austin-Bergstrom International Airport went so far as to issue a fuel-shortage alert on Monday and told airlines to send in more supplies or carry extra fuel. Sam Haynes, a spokesman for the airport explained that the airport’s two fuel-storage …
